Opposition states on GST: Rs 50,000 cr cess lies unutilised, pay us immediately - 05th December 2019
Seven Opposition-ruled states and Union Territories — Punjab, Delhi, Puducherry, Kerala, Madhya Pradesh, Rajasthan and Chhattisgarh — made a forceful representation to Union Finance Minister Nirmala Sitharaman Wednesday demanding pending compensation under the Goods and Services Tax (GST) regime, with some saying it’s an embarrassment to keep asking for money due to them and Kerala warning it may even approach the Supreme Court.
Mumbai: The Reserve Bank of India’s monetary policy committee will announce its policy decision today. With the market expecting a 25 basis points rate cut, Mint takes a look at the 5 things that could be on the MPC’s radar.
Petition also challenges the composition of National Anti-profiteering Authority
A major revamp of goods and services tax structure is on cards when the GST Council meets during second fortnight of December to review the existing tax structure and compensation cess rates as part of a larger exercise to shore up revenue.
Nitin Gadkari, Minister of Micro, Small and Medium Enterprises, Government of India, said that the MSME ministry will raise GST related issues faced by the small and medium enterprises with the Finance Minister to provide some relief to the sector.
Coimbatore: With the All India Council for Technical Education (AICTE) emphasising on internship for engineering and polytechnic students, the state’s Directorate of Technical Education (DOTE) has handed over a list of 25,000 micro, small and medium enterprises (MSMEs) and 200 large industries in SIDCO and SIPCOT industrial estates across the state to engineering and polytechnic institutions.